BNB Chain has announced its plans to collaborate with centralized exchanges to enable users to make fee-free stablecoin transfers.
New Feature by BNB Chain
BNB Chain is working on a new feature that would enable fee-free stablecoin transfers on centralized exchanges, making digital payments more practical.
Support for Major Stablecoins
In a September 18 press release shared with crypto.news, the BNB Chain team said that at launch, the fee-free transfers will support major stablecoins like Tether (USDT), USD Coin (USDC), and First Digital USD (FDUSD). These transfers will be facilitated through partnerships with centralized exchanges such as Binance, Bitget, Gate.io, HTX (formerly Huobi), and MEXC. The gas fees will be covered by MegaFuel, a gasless solution developed by infrastructure provider NodeReal with the support of BNB Chain. Gasless transactions will also be supported via wallet providers like Bitget Wallet and SafePal, with Binance Web3 Wallet and Trust Wallet to follow.
Next Steps
BNB Chain is also working with cross-bridge providers like Celer to enable gas-free cross-chain transfers, simplifying asset movement across different blockchains. Additionally, the network is in discussions with payment gateways such as Alchemy Pay, Oobit, Lunu, MugglePay, and Now Payment to integrate cryptocurrency into everyday transactions. Furthermore, starting September 19, BNB Chain will launch the 'Gasless Carnival Season,' offering zero withdrawal fees on stablecoins from participating centralized exchanges to BSC and opBNB, covering gas fees for transfers via participating wallets, and sponsoring gas-free cross-chain transfers via participating bridges.
Stay tuned for updates on new initiatives from BNB Chain aimed at making the use of stablecoins and other cryptocurrencies more convenient and accessible to a broader audience.
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